Hostelworld Group PLC Director/PDMR Shareholding (2509D)
March 01 2022 - 09:30AM
UK Regulatory (RNS & others)
TIDMHSW
RNS Number : 2509D
Hostelworld Group PLC
01 March 2022
LEI: 213800OC94PF2D675H41
01 March 2022
Hostelworld Group plc ("Hostelworld" or "the Company")
Restricted Share Awards
Hostelworld announces that on 28 February 2022 the following
shares in the capital of the Company were issued (via the Company's
employee benefit trust) to Gary Morrison and Caroline Sherry (the
"PDMRs") to satisfy the vesting of conditional share awards granted
to the PDMRs on 27 April 2021 under the terms of the Company's
Long-Term Incentive Plan.
As announced on 28 April 2021, the awards vest in two tranches.
The first tranche (representing 50 per cent of the award) vested on
28 February 2022 and the second tranche (representing the remaining
50 per cent of the award) will vest on 28 February 2023. Vesting of
the second tranche will be dependent upon the relevant PDMR being
employed by Hostelworld as of the vesting date and satisfactory
personal performance.
The Company also announces that today on 1 March 2022, the
following shares were sold on the PDMRs' behalf to settle their
withholding tax liabilities in relation to the vesting event.
The relevant notifications set out below are provided in
accordance with the requirements of (i) Article 19 of the UK
version of the EU Market Abuse Regulation which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018; and (ii)
Article 19 of Regulation (EU) No 596/2014 of the Parliament and of
the Council of 16 April 2014 on market abuse which has effect in
Ireland.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name (i) Gary Morrison
(ii) Caroline Sherry
--------------------- -------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status (i) Chief Executive Officer
(ii) Chief Financial Officer
--------------------- -------------------------------------------------
b) Initial Notification Initial Notification
Amendment
--------------------- -------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Hostelworld Group plc
--------------------- -------------------------------------------------
b) LEI 213800OC94PF2D675H41
--------------------- -------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description Ordinary Shares of EUR0.01 each in the capital
of the financial of Hostelworld Group plc
instrument,
type of instrument
Identification
code ISIN: GB00BYYN4225
--------------------- -------------------------------------------------
b) Nature of Acquisition of ordinary shares pursuant to
the transaction the vesting of conditional share awards granted
on 27 April 2021 under the Company's Long
Term Incentive Plan
--------------------- -------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (i) Nil (i) 215,199
(ii) Nil (ii) 133,407
-------------------
--------------------- -------------------------------------------------
d) Aggregated See 4(c) above
information
- Aggregated
volume
- Price
--------------------- -------------------------------------------------
e) Date of the 28 February 2022
transaction
--------------------- -------------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- -------------------------------------------------
g) Additional
Information
--------------------- -------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name (i) Gary Morrison
(ii) Caroline Sherry
--------------------- ----------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status (i) Chief Executive Officer
(ii) Chief Financial Officer
--------------------- ----------------------------------------------------
b) Initial Notification Initial Notification
Amendment
--------------------- ----------------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Hostelworld Group plc
--------------------- ----------------------------------------------------
b) LEI 213800OC94PF2D675H41
--------------------- ----------------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---------------------------------------------------------------------------
a) Description Ordinary Shares of EUR0.01 each in the capital
of the financial of Hostelworld Group plc
instrument,
type of instrument
Identification
code ISIN: GB00BYYN4225
--------------------- ----------------------------------------------------
b) Nature of Sale of ordinary shares acquired upon vesting
the transaction of conditional share awards granted on 27
April 2021 under the Company's Long Term Incentive
Plan
--------------------- ----------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) (i) GBP0.75 (i) 114,055
(ii) GBP0.75 (ii) 70,705
------------------
--------------------- ----------------------------------------------------
d) Aggregated See 4(c) above
information
- Aggregated
volume
- Price
--------------------- ----------------------------------------------------
e) Date of the 1 March 2022
transaction
--------------------- ----------------------------------------------------
f) Place of the Outside a trading venue
transaction
--------------------- ----------------------------------------------------
g) Additional
Information
--------------------- ----------------------------------------------------
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END
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